Decentralized Clinical Trial & CTM&FS Platform:
Industry: Healthcare & Life Sciences
Delivery Center: India
Industry: Healthcare & Life Sciences
Delivery Center: India
The clinical trial industry faces significant challenges due to its reliance on manual processes, extensive paperwork, and the need for patients to travel long distances. These factors often lead to prolonged trials, increased risk of errors, unreliable data accuracy, and high patient abandonment rates. Data processing is intensive and manual, prompting clinical trial organizations to seek solutions that streamline their time-consuming and error-prone processes.
The client, a blockchain-based company focused on clinical trials, faced limitations with its paper-based processes. These limitations led to untrusted data, increased costs, risk of data tampering and fraud, delayed information hindering decision-making, and inaccurate forecasts. The lengthy financial reconciliation process and the potential for margin errors in economic forecasts needed to be addressed to ensure timely payments and accurate financial projections.
To overcome these challenges, the client sought to build a trustworthy and transparent digital platform for clinical trials - the Trial Centric System. This solution aimed to eliminate the need for long-distance travel for data collection, which was inconvenient for patients and increased the likelihood of delays or absences.
Encora implemented a comprehensive approach to develop a robust digital platform that addresses the inefficiencies and risks associated with paper-based clinical trial processes. By integrating blockchain technology, Encora's solution enhances data integrity, security, and real-time processing capabilities. The key services provided by Encora include:
Encora's blockchain-enabled clinical trial management system developed for the client significantly enhanced the experiences for all stakeholders involved in the clinical trial process:
Santa Clara, CA
+1 (480) 991 3635
letstalk@encora.com
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Santa Clara, CA
+1 (480) 991 3635
letstalk@encora.com
Innovation Acceleration
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